Envestnet Asset Management Inc. Reduces Holdings in Ventas, Inc. (NYSE:VTR)

Envestnet Asset Management Inc. lowered its holdings in Ventas, Inc. (NYSE:VTR) by 13.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 312,532 shares of the real estate investment trust’s stock after selling 49,266 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.07% of Ventas worth $21,490,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. DoubleLine ETF Adviser LP grew its holdings in shares of Ventas by 0.6% during the 4th quarter. DoubleLine ETF Adviser LP now owns 29,695 shares of the real estate investment trust’s stock worth $1,749,000 after acquiring an additional 171 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Ventas by 1.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 10,674 shares of the real estate investment trust’s stock worth $734,000 after acquiring an additional 172 shares during the period. HighPoint Advisor Group LLC grew its holdings in shares of Ventas by 2.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 6,644 shares of the real estate investment trust’s stock worth $396,000 after acquiring an additional 181 shares during the period. Kentucky Retirement Systems grew its holdings in shares of Ventas by 0.6% during the 1st quarter. Kentucky Retirement Systems now owns 28,574 shares of the real estate investment trust’s stock worth $1,965,000 after acquiring an additional 183 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in shares of Ventas by 6.3% during the 4th quarter. Quadrant Capital Group LLC now owns 3,171 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 188 shares during the period. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Insider Transactions at Ventas

In related news, CEO Debra A. Cafaro sold 14,753 shares of the firm’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $65.60, for a total value of $967,796.80. Following the transaction, the chief executive officer directly owned 1,145,695 shares of the company’s stock, valued at approximately $75,157,592. This trade represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Walter C. Rakowich sold 1,459 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $63.76, for a total value of $93,025.84. Following the completion of the transaction, the director directly owned 27,454 shares in the company, valued at approximately $1,750,467.04. This represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 305,622 shares of company stock valued at $19,900,685 over the last 90 days. 0.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VTR. JPMorgan Chase & Co. upgraded Ventas from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $70.00 to $72.00 in a report on Monday, June 23rd. Wall Street Zen downgraded Ventas from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Scotiabank upped their price target on Ventas from $71.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Monday, June 23rd. Finally, Royal Bank Of Canada upped their price target on Ventas from $74.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ventas presently has an average rating of “Moderate Buy” and an average price target of $72.90.

Ventas Stock Performance

Shares of VTR opened at $65.49 on Thursday. The business’s fifty day simple moving average is $63.83 and its two-hundred day simple moving average is $64.32. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 1.10. Ventas, Inc. has a 12 month low of $52.79 and a 12 month high of $71.36. The company has a market cap of $29.56 billion, a price-to-earnings ratio of 198.46, a P/E/G ratio of 2.34 and a beta of 0.87.

Ventas (NYSE:VTR) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.32 billion. Ventas had a return on equity of 1.36% and a net margin of 2.80%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $0.78 EPS. Research analysts anticipate that Ventas, Inc. will post 3.4 earnings per share for the current fiscal year.

Ventas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.48 per share. The ex-dividend date is Monday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 2.93%. Ventas’s payout ratio is 581.82%.

About Ventas

Ventas Inc (NYSE: VTR) is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.